$172,000. Also during 2007 the compa? 12/31/06
Accounts receivable $1,050,000
Allowance (90,000)
Cash realizable value $960,000
During 2007 sales on account were $290,000 and collections on account were $172,000. Also during 2007 the company wrote off $16,000 in uncollectible accounts. An...